Gibson County, IN · Sold

IN-605092

1097 County Road 298

$392,800

$19,640/ac · 20.00 ac

Offer report Market this tract

Acreage20.00 ac

Price per acre$19,640/ac

ZoningMixed Use

Road accessPaved

UtilitiesFull utilities

TopographySloped

ListedOct 24, 2025

Coordinates38.3426, -87.5029

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County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

Gibson County, Indiana. Tillable ground plus small recreational tracts near the Hoosier National Forest.

View Gibson market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index

Low risk

Wetlands2.1% of tract

Little to no mapped wetland coverage.

Average slope16.1%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

668 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area15.66 of 20.00 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$302,861

$239,842 – $365,879 · $15,143/ac on 20.00 ac

Asking vs estimate

+29.7%

Priced above the comp set

Weighted from 10 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $392,800

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$173,063

$8,653/ac · +30.0% target margin

You need $219,737 off asking to hit this margin.

All-in cost$187,773

Net resale$278,632

Projected profit$90,858

ROI+48.4%

Annualized+69.3%

Break-even resale$10,205/ac

Profit if resale lands off target

-20%

$35,132

-10%

$62,995

$90,858

+10%

$118,721

+20%

$146,585

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
IN-505493 Paved · Off grid	26.7	Jul 27, 2026	$305,700	11,434	17,126	4.7 mi	88
IN-405252 Paved · Power at road	22.5	Jul 27, 2026	$341,300	15,195	18,866	11.4 mi	83
IN-684607 Dirt · Off grid	14.1	Sep 3, 2025	$87,100	6,190	12,175	3.1 mi	78
IN-704513 Gravel · Off grid	13.2	Nov 23, 2025	$88,300	6,715	11,181	6.2 mi	77
IN-515885 Gravel · Off grid	35.5	Sep 13, 2025	$194,700	5,483	10,516	1.2 mi	72
IN-185518 Dirt · Off grid	27.2	Jun 29, 2025	$189,700	6,968	15,008	8.7 mi	70
IN-145676 Landlocked · Full utilities	30.5	Dec 19, 2023	$311,500	10,202	20,922	9.1 mi	64
IN-586186 Gravel · Off grid	44.2	Aug 6, 2024	$309,300	7,002	14,598	2.5 mi	64
IN-776635 Paved · Off grid	61.1	Oct 8, 2024	$500,400	8,183	15,341	4.5 mi	62
IN-113586 Dirt · Power at road	6.7	Jun 21, 2025	$67,300	10,022	15,933	6.2 mi	61

Show adjustment detail for the top comp

Tract size (26.74 ac → 20 ac)+4.1%
Utilities (Off grid → Full utilities)+43.5%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.

Build the listing kit Post a deal or JV